Regulatory Framework

  • Daniela Vandone
Part of the Contributions to Economics book series (CE)


The regulation of consumer credit in Europe derives from a variety of sources both at EU and national levels (laws, regulations and administrative provisions), many of which are responses in the course of time to emerging regulatory needs.

The adoption of the first Consumer Credit Directive certainly acted as a significant driver at national level for legislative intervention in those countries without specific consumer credit laws as well as for rationalisation and reform in countries with existing and differing frameworks.

In the years that followed, expansion in the supply and variety of credit forms allied to strong demand from consumers meant a series of legislative updates and amendments until the radical, wide-ranging reforms contained in the new Consumer Credit Directive.

In this chapter we will examine the principal changes contained in the new Directive and how these will affect lenders' activities and their relations with customers.


Consumer Protection Consumer Credit Universal Bank Borrowing Rate Full Harmonisation 
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Copyright information

© Physica-Verlag Heidelberg 2009

Authors and Affiliations

  1. 1.Università degli Studi di MilanoDepartment of Economics, Business and StatisticsMilanItaly

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